Oswald Grübel is kicking some *ss!


Well I never particularly liked Oswald Grübel when he was head of Credit-Suisse (and I actually do not know why). But since he has taken over at UBS, I am slowly becoming a fan of him.  Yesterday he released an internal UBS Memo, to my great satisfaction it contained some clear leadership.

Im Schatten des Erfolgs sei es zu schlimmen Übertreibungen und allzu kurzfristigem Denken gekommen, und es habe Kompromisse in Bezug auf die Qualität und die Reputation gegeben.

and

Die Strategiearbeit richtet sich auf Schlagworte aus: Reputation, Integration und Abwicklung. Der Schutz der Reputation stehe über allem, und diesem Ziel würden alle Aktivitäten untergeordnet.

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